Trans-Caspian Route to Trade Between the Two Countries will be strengthened

Trans Caspian
Trans Caspian

ZHENİS KASSYMBEK - Minister of Investments and Development of the Republic of Kazakhstan (News: dunya.com)



Sister states Turkey and Kazakhstan, has over 25 years will develop further strengthened in various fields really friendly, close and mutually benefit from a rewarding relationship. During these years, Kazakhstan and Turkey; signed various agreements to develop and strengthen cooperation in the fields of politics, trade and economy, education and culture. This year is an important milestone in bilateral relations will be the President of Kazakhstan Nursultan Nazarbayev's official visit to Turkey.

Kazakhstan is now at the stage of systematic modernization reforms. Industrial-innovative development program is implemented, transportation and logistics infrastructure is actively developing. Kazakhstan is turning into a modern transportation center in the center of Eurasia. As of today, 70 percent of all roads between the European Union and China pass through our region. This indicator will only increase as the new Silk Road develops.

Increased route traffic will increase the efficiency of the route

Recently, we have presented the presentation of a multimodal transportation hub, the ferry complex of Kuryk Port in the Caspian Sea. Currently, this complex is part of the network of international transit corridors, including the Trans-Caspian International Transport Route (TITR).

The growth potential in the sales turnover in the Trans-Caspian route region corresponds to $ 2020 billion from $ 646 billion in 922, that is, 300 thousand containers in cargo capacity. With the increase of freight traffic, the efficiency of the route will increase. Providing direct transportation to Istanbul by train after the completion of construction of the new Baku-Tbilisi-Kars railway line in Mersin (Turkey) The first train reached the harbor, the railway was the Kazakhstan grain train.

The Trans-Caspian route has historically been a continuation of the trade route of the Great Silk Road. Kazakhstan-Baku-Tbilisi-Kars via the Black Sea, as expected, in addition to land and sea traffic between Turkey and Kazakhstan exports, will contribute to a further increase of the import and transit cargo.

On the other hand, bilateral cooperation in the field of civil aviation is actively developing. This year, the aeronautical authorities of Aktau in Kazakhstan and Turkey - Istanbul and Shymkent - Istanbul route has agreed to participate often. Thus, the airlines of the two countries began to fly 70 flights a week on eight international routes.

Today, change is everywhere, so we try to keep pace with the time and adapt our investment legislation to the requirements of the truth. In 2017, Kazakhstan became a member of the OECD Investment Committee, which indicates that Kazakhstan's investment climate is high in conformity and trust with international requirements.

4.4 billion dollar 68 Kazakh-Turkish investment project

In recent years, we have simplified the licensing system. New approaches have been adopted to attract investments to increase efficiency. A full-fledged interaction system has been established among all government institutions and organizations, embassies and regions. A national investment attraction company 'Kazak Invest' was established, accompanying foreign investors on the basis of one-stop access and supporting the implementation of investment projects. In the period from 1993 until 2017 gross flow of direct investments from Turkey to Kazakhstan was 3.1 billion dollars. In 2017, there was a 7.7 percent ($ 256.7 million) growth confirming the special interest of Turkish investors in the implementation of projects in our country.

In 2015 the Republic of Turkey Recep Tayyip Erdogan's visit to Kazakhstan in the framework of the 'New Synergies' investment cooperation program was adopted. Many intensive studies were carried out within the framework of this program. Today, there are 4.4 Kazakh-Turkish investment projects in Kazakhstan with a total of about 68 billion dollars. Along with the Turkish side, priority sectors such as chemical industry, machinery manufacturing, construction materials production, geology and mining and metallurgy, renewable energy sources, agro-industrial complex, light industry and consumer goods production were determined.

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